SBM Tower, Port-Louis, 19 février 2026– The SBM Bank (Mauritius) Ltd (SBM Bank) has confirmed its role as a catalyst in the harnessing of a sustainable energy future by playing a part in the funding of the project Stor’Sun IV. The latter is developed by the Panafrican company in renewable energy.
Following the project financing of the Stor’Sun I and II, two central hybrid combining solar energy and large-scale battery storage, the bank has again committed to being on the continuous path to deploy innovative energy infrastructure, to help transform the island’s energy landscape while strengthening its resilience.
Holding a capacity of 60 MWac and a storage of 256 MWh, the Stor’Sun, aiming to supply to the Central Electricity Board (CEB) network, constitutes a major step ahead in the development of renewable energies in Mauritius. The combination of solar generation and innovative storage helps to smooth out the variability of renewable energies while at the same time strengthening the reliability and stability of the national grid, to help ensure an immediate response to fluctuations or incidents.
The Officer-in-Charge at the SBM Bank (Mauritius) Ltd, Rita Gujadhur, commented on the funding spearheaded by the SBM. “The support heralded by the SBM Bank to Stor’Sun constitutes a key step in our contribution towards the development of innovative energy infrastructure. By direct collaboration with Qair, we go beyond simple funding to help support initiatives shaping a sustainable and resilient future for Mauritius.”
On the other hand, the Regional Director Indian Ocean at Qair Mauritius, Olivier Gaering told: « We are grateful to the SBM Bank for its strategy support pertaining to the Stor’Sun I, II, and IV projects as a trusted and long-term partner. This project showcases how energy storage can help transform access to clean and viable energy in Africa. By suiting our solutions to local needs, we are contributing to opening access to a sustainable energy future at the continent’s level. »
Beyond its impact for Mauritius, Stor’SUN constitutes a model for tomorrow’s hybrid system while helping to stabilize the grid, improve energy access, and reduce carbon emissions. Once operational, it will cover about 8 percent of national demand and reduce dependence on fossil fuels.
In a global context marked by profound changes in the energy sector, the SBM Bank has confirmed its position as a major stakeholder in the green transition, showcasing that finance can leverage a strategic role in the building of a reliable and innovative energy future for the island.
